Tag: Inequality

Governments Should Use Tax Systems to Drive Inclusive Growth Agenda

and | 22 July 2016
Blog, Fiscal | Tags: Inequality, Tax Expenditures, Taxes
Tax policy design should play a key role in not only supporting growth but also in addressing distributional concerns. Taxes affect inequality through different channels. The most direct way in which taxes redistribute income is by narrowing the distribution of (post-tax) disposable income. Taxes can ... continue reading

Are Tax Expenditures a Good Way to Redistribute?

| 1 July 2016
Blog, Fiscal | Tags: Inequality, Tax Expenditures, Taxes
Since 2007, governments across several European countries have implemented cuts to their social programs in an attempt to tackle the fiscal deficits generated by the last economic and financial crisis. At the same time, they have increasingly made use of various tax related measures to ... continue reading

Central Banking and Inequality – Taking Off the Blinders

, and | 16 June 2016
Blog, Monetary | Tags: Central Banks, Ethics, Inequality
Since the financial crisis, the relative importance of monetary policy in the toolbox of macroeconomic policies has increased. In parallel, we have seen a renewed social and political concern with rising inequalities in income and wealth. However, the two trends are rarely connected.[1] Despite studies ... continue reading

Energy Subsidies – Widespread, Significant, and Largely Not Reaching the Poor

| 18 April 2016
Blog, Fiscal | Tags: Energy, Inequality, Subsidies
Energy subsidies are widespread and significant. In 2014, according to the IEA (2015), government support for global fossil fuel consumption amounted to 490 billion US$. An IMF working paper (Coady et al., 2015) reports even higher numbers. Distinguishing between subsidies before (pre) and after (post) ... continue reading

Finance, Growth and Inequality

and | 31 March 2016
Blog, Fiscal, Monetary | Tags: Financial Markets, Inequality
Finance is the lifeblood of modern economies, but too much of the wrong type of finance can hamper economic prosperity and social cohesion. We have taken a holistic approach to study the consequences of finance for the inclusiveness of growth, in the spirit of the ... continue reading